Do Kwon

Ethereum (CRYPTO: ETH) co-creator Vitalik Buterin weighed in on the disaster that saw Terra (CRYPTO: LUNA) and its algorithmic stablecoin TerraUSD (CRYPTO: UST) collapse last week. What Happened: In a tweet on Saturday, Ethereum educator Anthony Sassano suggested the cryptocurrency...

In a recent Twitter post, Terra (CRYPTO: LUNA) founder Do Kwon has said that he is “heartbroken” about his creations losing all of their value this week. Founder of the Terraform Labs, Kwon, said he spent the last several days calling various community members about the tokens...

One of the biggest stories in the world of cryptocurrency this week has been the fall of a stablecoin and a coin associated with it. Here’s a look at how an investment in the cryptocurrency has fared in 2022. What Happened: The cryptocurrency market is crashing tand many of the largest coins...

Terra (CRYPTO: LUNA) has officially stopped block production as the blockchain’s native token hit a low of $0.000033 on Thursday. What Happened: An update on Twitter from the network’s official account confirmed that the Terra blockchain had “officially halted” at block...

South Korean police are investigating a report that an unknown person visited the residence of Terra (CRYPTO: LUNA) founder Do Kwon. What Happened: According to a report from a local Korean publication Money Today, Do Kwon’s spouse requested emergency personal protection after an unidentified...

Terra (CRYPTO: LUNA) founder Do Kwon announced plans to attempt to save his unstable stablecoin TerraUSD (CRYPTO: UST) while some are suggesting he was also behind failed stablecoin Basis Cash (CRYPTO: BAC), which is now worth under $0.005. What Happened: After...

The Securities and Exchange Commission (SEC) is already investigating this week’s events concerning Terra (CRYPTO: LUNA) and TerraUSD (CRYPTO: UST), according to a report from The Block. What Happened: Two former SEC lawyers told The Block on Wednesday that the SEC is “already on the...

The native token of the Terra (CRYPTO: LUNA) blockchain crashed 56% over 24 hours as its stablecoin, TerraUSD (CRYPTO: UST), lost its peg for the second time in 48 hours. What Happened: According to data from Benzinga Pro, LUNA fell from an intra-day high of $64.62 to an intra-day...

What Happened: In an interview with Fungible Times, Do Kwon, founder of the Terra (CRYPTO: LUNA) protocol, said that Terra intends to be the largest single holder of Bitcoin (CRYPTO: BTC) besides its pseudonymous creator Satoshi Nakamoto. “The...

The Luna Foundation Guard (LFG) plans to loan $750 million worth of Bitcoin (CRYPTO: BTC) to market makers as part of a wider strategy to protect the UST stablecoin peg. What Happened: The Terra (CRYPTO: LUNA) blockchain’s stablecoin TerraUSD (...

The native token of the Terra (CRYPTO: LUNA) blockchain surged by 20% on Monday. What Happened: According to data from Benzinga Pro, LUNA rallied from $75.95 to an intra-day high of $91.66. The token saw a significant amount of buying pressure evidenced by its daily trading volume, which was up 175...

Terra (CRYPTO: LUNA) co-founder Do Kwon said he plans to add $10 billion worth of Bitcoin (CRYPTO: BTC) to the project’s reserves. What Happened: Kwon announced the move on Twitter, saying that Terra having huge Bitcoin reserves will “open a new...